Moser Baer India Q2 net at Rs 41.84 cr

Optical storage media manufacturer Moser Baer India on Saturday said its net loss for the second quarter ended September 30 stood at Rs 41.84 crore, whereas it had a net profit of Rs 3.27 crore for the same period last year.

Net sales of the company rose to Rs 592.31 crore for the quarter under review, from Rs 447.79 crore for the same period a year ago.

For the six months ended September 30, the company posted a net profit of Rs 145.82 crore, while it had a net profit of Rs 12.90 crore for the same period last fiscal.

Shares of Moser Baer India closed at Rs 68, down 20.05 per cent on the BSE on on Friday.